About 18% of the AMC shares available for trading are still sold short through Wednesday, according to S3 Partners. In a similar occurrence seen in January with the meme stocks like GameStop, defiant short-sellers have increased their bets against AMC shares over the last month, possibly fueling the move higher. That makes it worth more than stocks like Delta Air Lines, State Street and Best Buy. The company's 30-day average volume is just 143 million shares.ĪMC shares are up more than 3,000% so far this year, bringing its market capitalization to more than $32 billion. At the end of the day, more than 710 million shares exchanged hands - nearly double the number of AMC's shares outstanding. The shares were up more than 100% at one point Wednesday. Trading was halted several times Wednesday and again on Thursday amid the volatility. AMC's stock spiked as it hit an intraday high of $72.62, well above its previous intraday record of $36.72. Its previous closing record of $35.86 was reached in 2015, according to FactSet data. On Wednesday, AMC soared 95% in the regular trading session to close at an all-time high of $62.55. According to their quantitative strategy, this kind of imbalance can lead to more outperformance by the stock in coming weeks. JPMorgan noted that in the last week, retail order flow into AMC jumped to $583 million, 6.9 standard deviations above the average level of the last one year. On Wednesday, the company announced a new portal to connect with individual investors and offered free popcorn, exclusive screenings and other perks to those who hold its stock. Retail investors - many active on Reddit's WallStreetBets forum - have been leading the AMC rally, and AMC executives have taken note. Then, AMC shares rallied off their lows and turned green after the company said it had already completed the offering just a few hours later, raising about $587.4 million.

Additional shares dilute the value of the existing stock for existing shareholders. The stock price dropped as low as $37.66 during the session after AMC said it may offer and sell 'from time to time' up to an aggregate of 11.55 million shares of its Class A common stock. Personal Loans for 670 Credit Score or Lower

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